[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2lfr5b5h8affo":3,"$ffeh0925h8cuz":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":26},1554,"homeownership-rate-on-the-rise-to-a-6-year-high","Homeownership Rate on the Rise to a 6-Year High","Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The \u003Cem>United States Census Bureau\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fhousing\u002Fhvs\u002Ffiles\u002Fcurrenthvspress.pdf\">reported\u003C\u002Fa> that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. \u003Cem>See the graph below:\u003C\u002Fem>","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F02\u002F10142900\u002F20200211-KCM-Share.jpg","Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The \u003Cem>United States Census Bureau\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fhousing\u002Fhvs\u002Ffiles\u002Fcurrenthvspress.pdf\">reported\u003C\u002Fa> that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. \u003Cem>See the graph below:\u003C\u002Fem>\u003C!--more-->\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F02\u002F20200211-MEM-Eng-1.jpg\">\r\n\u003Cimg class=\"aligncenter wp-image-41729\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F02\u002F20200211-MEM-Eng-1.jpg\" alt=\"Homeownership Rate on the Rise to a 6-Year High | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>This increase does not come as a surprise. According to \u003Ca href=\"https:\u002F\u002Fnews.move.com\u002F2020-01-22-A-Millennial-Sized-Problem-Stands-in-Front-of-Gen-Z-Homebuyers\">\u003Cem>realtor.com\u003C\u002Fem>\u003C\u002Fa>,\r\n\u003Cblockquote>\u003Cem>“The largest cohort of the millennial generation turns 30-years-old in 2020 and they are hitting the housing market in full force. At the end of the fourth quarter of 2019, millennials made up the largest generational segment of homebuyers, growing their share of home purchase mortgages to 48 percent.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nWith so many Millennials entering a homebuying phase of life and getting into the market, the \u003Ca href=\"https:\u002F\u002Fabout.bankofamerica.com\u002Fassets\u002Fpdf\u002F2020-bmh-millennial-report.pdf\">\u003Cem>Millennial Report\u003C\u002Fem>\u003C\u002Fa> also explains,\r\n\u003Cblockquote>\u003Cem>“Homeownership is an even bigger goal for younger generations. Of those with savings, 41 percent of Gen Z and 40 percent of younger millennials are saving to buy a home.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nToday’s low interest rates are providing a break to new homeowners too, regardless of generation, making homeownership more desirable and achievable at the same time. \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002F\">\u003Cem>Freddie Mac\u003C\u002Fem>\u003C\u002Fa> explains,\r\n\u003Cblockquote>\u003Cem>“The combination of very low mortgage rates, a strong economy and more positive financial market sentiment all point to home purchase demand continuing to rise over the next few months.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe increase in homeownership rate was also represented by race and ethnicity of the householders. \u003Ca href=\"https:\u002F\u002Fwww.housingwire.com\u002Farticles\u002Fhomeownership-rate-rises-to-6-year-high\u002F\">\u003Cem>HousingWire\u003C\u002Fem>\u003C\u002Fa> explains,\r\n\u003Cblockquote>\u003Cem>“The homeownership rate for black Americans in 2019’s fourth quarter rose to 44%, a seven-year high, increasing from the record low it reached in 2019’s second quarter. The rate for Hispanic Americans was 48.1%, a two-year high, the Census data showed…The rate for white Americans was 73.7%, an eight-year high.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Cem>See the graph below:\u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F02\u002F20200211-MEM-Eng-2.jpg\">\u003Cimg class=\"aligncenter wp-image-41730\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F02\u002F20200211-MEM-Eng-2.jpg\" alt=\"Homeownership Rate on the Rise to a 6-Year High | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re considering buying a home this year, let’s get together to set a plan that will help you get one step closer to achieving your dream.","\r\nIf you’re considering buying a home this year, let’s get together to set a plan that will help you get one step closer to achieving your dream.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F02\u002F20200211-MEM-Eng-1.jpg",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers","2020-02-11T10:00:58Z","2020-02-11T16:20:15Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},1553,"how-pricing-your-home-right-makes-a-big-difference","How Pricing Your Home Right Makes a Big Difference","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F02\u002F07134332\u002F20200210-KCM-Share.jpg","2020-02-10T10:00:19Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},1555,"the-1-reason-to-list-your-house-right-now","The #1 Reason to List Your House Right Now","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F02\u002F11111350\u002F20200212-KCM-Share.jpg","2020-02-12T10:00:04Z",{"cover":40,"open":41,"shareSpread":42},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[44,48,49,53,57,61,65,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},6,"For Sellers","sellers",{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},34,"Senior Market","senior-market",{"id":71,"name":72,"slug":73},35,"Mortgage Rates","mortgage-rates",{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]